Jim Cramer

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Cramer Sorry for Calling Pelosi 'Crazy Nancy'

Speaker says House will stay in session until deal on coronavirus bill is reached

(Newser) - The House is back in session after the summer recess—and Nancy Pelosi says it will stay in session until a deal on a new coronavirus relief bill is reached. Politico reports that the House speaker, who is holding out for a sweeping $2.2 trillion stimulus bill, is under... More »

Story About Dad's Nest Egg Key to Bannon's Anger

'WSJ' profiles the Trump adviser

(Newser) - If there's a political anecdote of the day, it comes courtesy of the Wall Street Journal in a story headlined "Steve Bannon and the Making of an Economic Nationalist." The anecdote, however, doesn't center on the senior adviser to President Trump, but his father, Marty Bannon,... More »

Jim Cramer Hints Snapchat Helps Insider Trading

US Attorney says he has no idea what he's talking about

(Newser) - Remember when reports started trickling in about Wall Street bankers' love of Snapchat , the photo-sharing service that lets you send self-destructing messages? Well, it looks like we're not the only ones who suspect they're using them for more than sexting and off-color jokes. Jim Cramer sat down with... More »

Ex-Buffett Lieutenant: I Did Nothing Wrong

But in hindsight, David Sokol says, he shouldn't have mentioned company

(Newser) - David Sokol gave a lengthy, defiant interview on CNBC this morning, in which he breezily insisted that he’d done absolutely nothing wrong or unethical by buying 96,000 shares of Lubrizol , and then recommending boss Warren Buffett buy the company. Some had urged Sokol to get a securities lawyer... More »

Lenny Dykstra Sold Access to Jim Cramer

Market 'genius' also took illegal bribe to tout penny stock

(Newser) - Lenny Dykstra, the fraudster Jim Cramer unwittingly turned into a stock-picking star, accepted an illegal bribe to pimp a penny stock on his TheStreet.com newsletter, Randall Lane of the Daily Beast reports. Dykstra secretly accepted $250,000 worth of Automated Vending Technologies shares in exchange for a plug in... More »

SEC Investigates Jim Cramer's Website

Inquiry involves TheStreet.com's accounting

(Newser) - The SEC is investigating The Street.com —the website co-founded by CNBC host and Jon Stewart target Jim Cramer—over some questionable accounting regarding a former subsidiary. The agency wants to examine how the website recorded revenue for Promotions.com, a marketing company it acquired in 2007 and sold... More »

Cramer Ain't That Bad a Stock Picker, Actually

(Newser) - Jon Stewart, take note: Jim Cramer is not that bad at picking stocks, the New York Times reports. A study of Cramer’s televised market advice shows that the former hedge fund manager beat the market in 2005-07. The raw numbers from the fictional “Cramer portfolio” outperformed the S&... More »

Beware the 'Experts'

Headstrong 'hedgehogs' get the most airtime, but little right

(Newser) - Why did financial experts so spectacularly fail to warn us about the economic crisis? Mostly because “so-called experts turn out to be, in many situations, a stunningly poor source of expertise,” writes Nicholas Kristof of the New York Times. Experts of all stripes are enormously influential, but their... More »

Stewart 'Incredibly Unfair,' Says NBC Chief

(Newser) - NBC CEO Jeff Zucker said today that Jon Stewart’s Daily Show attacks are “incredibly unfair to CNBC and the business media,” Broadcasting & Cable reports. “CNBC is a spectacular organization and in particular Jim Cramer,” Zucker continued. “What is going on now is absurd.... More »

Stewart's Hit Job Won't Keep 'Clueless Pundits' Off TV

(Newser) - Jon Stewart’s takedown of Jim Cramer and CNBC is indicative of a real, if fleeting, sea change in our attitudes about the economy, Thomas Frank writes in the Wall Street Journal. “The applause Mr. Stewart has received for his j’accuse is the sound of the old order... More »

Help Jim Cramer—Arcade Style

New game lets you fend off Mad Money host's critics

(Newser) - Jim Cramer is facing his share of critics, from Jon Stewart to Fox Business, the San Jose Mercury News reports. Now you can help him defend himself in a new web video game: Jim Cramer’s Crashsteroids. Steer Cramer’s sneering mug as he takes aim at his detractors in... More »

Stewart Took a Cheap Shot at Cramer, CNBC

Even CEOs couldn't predict crisis, let alone analysts covering them

(Newser) - Jon Stewart’s pantsing of Jim Cramer was nothing but a “cheap shot,” writes Richard Cohen in the Washington Post. CNBC’s crew wasn’t covering up the impending crisis, and neither were the CEOs they interviewed. Many, including head honchos at AIG, Lehman Brothers, and Citigroup, lost... More »

Forget Jon's Rage: Analyze the Market

Stewart's attack on Cramer aside, stocks can give good returns

(Newser) - Hammering Jim Cramer on TV the other night, Jon Stewart bemoaned the fate of his 75-year-old mother: “She bought into the idea that long-term investing is the way to go. And guess what?” Cramer replied, “It didn’t work.” And for many Americans, that was the... More »

CNBC Staff 'Furious' at Quiet Cramer

They say he didn't defend the network strongly enough

(Newser) - It's been a tough week for Jim Cramer. After his public skewering from Jon Stewart, colleagues at CNBC are "furious" that he didn't put up a better fight, writes media critic Howard Kurtz of the Washington Post. Nobody goes on the record, but Kurtz says many are upset that... More »

CNBC Ratings Dip After Stewart Smackdown

Last week's figures suggest Daily Show skewering turning viewers off CNBC

(Newser) - Early signs suggest that Jon Stewart may have put a ding in CNBC's ratings, Portfolio reports. Viewership of CNBC's Business Day programming block was down 11% for the first 3 days after Stewart's assault on the network began, although Jim Cramer’s Mad Money pulled somewhat healthier figures outside the... More »

My 401(k) Proves I Could Do Better Than CNBC

(Newser) - He may have gotten only a B in economics, but James Rainey, in the Los Angeles Times, says he can be the next CNBC personality. “There’s got to be a spot for me on one of those chatter fests,” he says, because “I’ve out-performed the... More »

Stewart Owned Cramer

(Newser) - Who won last night’s cable grudge match between Jon Stewart and CNBC’s Jim Cramer? Let’s go to the scorecards:
  • Stewart was the clear winner, clobbering his guest with “homespun, regular-guy relentlessness,” Maureen Ryan writes in the Chicago Tribune. “Cramer didn’t know what hit
... More »

Stewart to Cramer: 'It's Not a Game'

(Newser) - Jim Cramer took his lumps tonight from Jon Stewart in their highly anticipated Daily Show faceoff. "I understand that you want to make finance entertaining, but it's not a game," Stewart told Cramer, adding an expletive. "I can't reconcile the brilliance and knowledge that you have of... More »

For Daily Show Prep, Cramer Consults Martha

(Newser) - In anticipation of his visit with Jon Stewart on tonight’s Daily Show, an admittedly “nervous” Jim Cramer sought counsel today from another Stewart—Martha. “You should be nervous,” the lifestyle maven said on her syndicated show. “He’s fast as lightning.” The Mad Money... More »

Stewart Ratings Soar With Cramer Takedown

Clip gets 1.5M views; week's site traffic surges

(Newser) - Jon Stewart’s attacks on CNBC host Jim Cramer have been ratings gold for the late-night satirist, Variety reports. An 8-minute rant has garnered 1.5 million views, Comedy Central says, and plenty of press attention. Unique usage for the Daily Show site has soared 65% this week amid a... More »

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